GCC Nations to Introduce VAT Throughout 2018

The video discusses the implementation of VAT in the GCC, focusing on the readiness of authorities and businesses, potential arbitrage opportunities, and regulatory challenges. It highlights the differences in implementation timelines across GCC countries and the low initial VAT rate compared to international standards. The possibility of future rate increases is also explored.

What is the expected timeline for the implementation of the new tax laws in the GCC countries?

What potential risks are associated with the staggered implementation of tax laws in different GCC countries?